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Olin [163]
3 years ago
11

Which of the following statements is true​?

Business
1 answer:
stich3 [128]3 years ago
4 0

Answer:

The correct answer is option C.

Explanation:

A monopolistic competitive firm has a downward sloping demand curve. Such a firm is a price maker. It decides price and output through the interaction of the marginal revenue and marginal cost.

The marginal revenue is the change in revenue because of selling an additional output. At high prices, the marginal revenue will be positive while at low prices it will be negative.

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